Oil prices fell on Friday after rising earlier in the week as the US government promised to protect bank depositors and a lack of surprises… Read More:
Category: US & GLOBAL ECONOMY
New round of oil price cuts seen – Philstar.com
MANILA, Philippines — Another round of pump price cuts across all oil products are expected next week. In its price forecast, Unioil said gasoline prices… Read More:
March 25: How gas prices have changed in NC this week – WNCT
GREENVILLE, N.C. (Stacker.com) — Chaos in the financial markets and fears of a recession may have kept gas prices from jumping this past week, even… Read More:
Banking industry sees another shock as share prices of global giant Deutsche Bank drop – KTVU FOX 2 San Francisco
Deutsche Bank stock tumbles Shares of global financial giant Deutsche Bank dropped today, reigniting concerns about the health of the banking system. OAKLAND – The… Read More:
Oil demand and prices set to snap back – Yahoo Canada Finance
The Canadian Press Allow unvaccinated Canadians to cross U.S. border, Poilievre asks President Joe Biden OTTAWA — Conservative Leader Pierre Poilievre said Friday he asked… Read More:
Bank turmoil is boosting appetite for specific sector ETFs. Here’s why – CNBC
It appears specific sector ETFs are gaining popularity as a way to cushion bank-turmoil fallout. According to VettaFi’s Todd Rosenbluth, the trend applies to ETFs… Read More:
The Street awaits key inflation report next week as banking worries persist – CNBC
Another week, another important piece of inflation data for the market to digest. The personal spending and income report, out this coming Friday, has the… Read More:
CGTN: Analysis: China’s economic resilience boosts global recovery prospects – Yahoo Finance
BEIJING, March 25, 2023 /PRNewswire/ — Over the past three years, China has weathered several COVID-19 waves with massive vaccination drive. This has enabled the… Read More:
The global banking crisis and world economy – The Daily Star
The banking crisis that hit Silicon Valley Bank (SVB) recently has spread. The banking crisis that hit Silicon Valley Bank (SVB) recently has spread. We… Read More:
Welcome to the Superprime Banking Crisis – WSJ – The Wall Street Journal
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Swiss finance minister defends rushed banking takeover – Reuters
ZURICH, March 25 (Reuters) – Switzerland’s finance minister defended the shotgun merger between the country’s two largest banks in an interview with Swiss newspaper Neue… Read More:
Clark County Banks to depositors: Rest assured, you’re insured – The Columbian
In banking, consumer confidence is key. When depositors panic, they start pulling money out of their accounts, which is exactly what happened before Silicon Valley… Read More:
The Flight to Safety Is About the Next Recession, Not Banks – Yahoo Finance
(Bloomberg) — Fears of tightening financial conditions leading to a recession are driving traders to rethink their risk exposure and seek out safety in the… Read More:
Banking failures put Fed under yet another harsh political spotlight – The Washington Post
The Federal Reserve was already under pressure to control inflation, protect the job market, avoid a recession and prevent a repeat of multiple scandals involving… Read More:
Analysis: Wall Street push for bank rescues clashes with Washington realities – Reuters
WASHINGTON/NEW YORK, March 25 (Reuters) – The banking crisis set off by the swift collapse of Silicon Valley Bank (SIVB.O) has exposed a sharp disconnect… Read More:
Banks aren’t out of the woods yet and neither is the economy. Here’s why – CNN
CNN — Markets seesawed severely this week when two of the US economy’s most prominent leaders gave seemingly contradictory statements on the health of the… Read More:
ChatGPT is about to revolutionize the economy. We need to decide what that looks like. – MIT Technology Review
Whether it’s based on hallucinatory beliefs or not, an artificial-intelligence gold rush has started over the last several months to mine the anticipated business opportunities… Read More:
ChatGPT is about to revolutionize the economy. We need to decide what that looks like. – MIT Technology Review
Whether it’s based on hallucinatory beliefs or not, an artificial-intelligence gold rush has started over the last several months to mine the anticipated business opportunities… Read More:
Foundation of China’s economic recovery not solid enough, party official says – CNBC
A general view shows the skyline over the Central Business District in Beijing on February 28, 2023. Jade Gao | Afp | Getty Images The… Read More:
US and Canada celebrates “inseparable” relationship; discussed global economy, climate change – Republic World
President Joe Biden and Prime Minister Justin Trudeau on Friday celebrated the close, “inseparable” U.S.-Canada relationship and declared their nations’ shared values have never been… Read More:
Oil and gas prices predicted – Yahoo News
Mar. 24—With all the factors playing on the energy market, Waco economist Ray Perryman and Permian Basin International Oil Show President Larry Richards are hoping… Read More:
Natural Gas Prices See Yet Another Weekly Decline – OilPrice.com
Natural Gas Prices See Yet Another Weekly Decline | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a… Read More:
Crude prices rebound from last week’s dive, end week under $70 – Midland Reporter-Telegram
Crude prices recovered from last week’s banking-related jitters but the return of banking concerns undercut the rally. West Texas Intermediate on the New York Mercantile… Read More:
Standard Chartered: Oil Prices Likely To Head Higher – Yahoo Finance
After a major decline that saw oil prices fall to multi-year lows, oil markets appear to have bottomed out and begun an encouraging ascent higher.… Read More:
Oil and gas prices predicted – Odessa American
Gas prices are displayed at a BP gas station in Mount Prospect, Ill., Sunday, Jan. 29, 2023. (AP Photo/Nam Y. Huh) With all the factors… Read More:
Why a soft landing scenario is less likely for the US economy – Interest.co.nz
By Ryan Herzog* Federal Reserve policymakers have targeted a “soft landing” for the U.S. economy since beginning their effort a year ago to tame runaway… Read More:
Why a soft landing scenario is less likely for the US economy – Interest.co.nz
By Ryan Herzog* Federal Reserve policymakers have targeted a “soft landing” for the U.S. economy since beginning their effort a year ago to tame runaway… Read More:
Gas prices drop despite rising demand, tighter supply: AAA – Fox Business
Spring began with a drop in gas prices. (iStock) The average price for a gallon of regular gas decreased to $3.43, a drop of three… Read More:
Banking Strains, Inflation Threaten Global Economic Rebound – The Wall Street Journal
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People & Profit – Racing to net zero: The cost of making the global economy sustainable – FRANCE 24 English
/ Shows / People & Profit Issued on: 24/03/2023 – 17:50Modified: 24/03/2023 – 17:51 12:37 PEOPLE & PROFIT © FRANCE 24 What will it cost… Read More:
Former NEC director Gary Cohn on global banking system and U.S. … – The Washington Post
Register for the program here. Regulators around the world have taken sweeping steps to avert a global financial crisis following the turmoil at institutions from… Read More:
The Fed’s Obsession with Phantom Inflation Might Destroy a Strong … – TIME
Will Rogers famously advised, “If you want to get out of a hole, stop digging!” Tragically, the Federal Reserve’s Board of Governors and its chair,… Read More:
US business investment appears weak in first quarter as orders rise … – Reuters
Summary Companies Core capital goods orders increase 0.2% in February Shipments of core capital goods unchanged Business activity picks up in March; manufacturing weak WASHINGTON,… Read More:
US raises interest rates, UBS takes over Credit Suisse, and other … – World Economic Forum
This weekly round-up brings you the latest stories from the world of economics and finance. Top economy stories: US raises interest rates by 0.25 percentage… Read More:
What is a rolling recession? And are we in one right now? – World Economic Forum
License and Republishing World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with… Read More:
What is a rolling recession? And are we in one right now? – World Economic Forum
License and Republishing World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with… Read More:
What the banking crisis means for your job – CNN
Minneapolis CNN — One of the biggest unknowns since the Federal Reserve started its historic rate-hiking campaign has been how many jobs could be lost… Read More:
What the banking crisis means for your job – CNN
Minneapolis CNN — One of the biggest unknowns since the Federal Reserve started its historic rate-hiking campaign has been how many jobs could be lost… Read More:
Opinion | The dollar is our superpower, and Russia and China are … – The Washington Post
The most interesting outcome of the three-day summit between Vladimir Putin and Xi Jinping got limited media attention. Describing their talks, Putin said, “We are… Read More:
Credit crunch to slow US economy – The Manila Times
WASHINGTON, D.C.: The Federal Reserve (Fed) is getting some unwanted help in its drive to slow the US economy and defeat the worst bout of… Read More:
Stock Market LIVE: Sensex slumps 600 pts, Nifty sub-17K; Tata Motors falls 2% | Mint – Mint
Much of the debate in markets is now focused on whether the US Fed will deliver another quarter-point hike or pause at its meeting on… Read More:
Stock Market Live: Sensex drops 600 points, Nifty 50 nears 16,900 – selling seen across the board – CNBCTV18
Adani Group Update | Most group stock in the red Adani Group has suspended work on a Rs 34,900 crore petrochemical project at Mundra in… Read More:
Asian Stock Market: Fears of banking turmoil propels further downside, oil drops on steady PBOC – FXStreet
Share: Asian stocks have continued their downside journey amid deepening fears of banking turmoil. UBS-Credit Suisse deal failed to provide a cushion to Asian equities.… Read More:
Asian Stock Market: Fears of banking turmoil propels further downside, oil drops on steady PBOC – FXStreet
Share: Asian stocks have continued their downside journey amid deepening fears of banking turmoil. UBS-Credit Suisse deal failed to provide a cushion to Asian equities.… Read More:
Stock market update: Fertilisers stocks down as market falls – Economic Times
NEW DELHI: Fertilisers stocks were trading lower on Monday at 10:14AM National Fertilizer(up 1.02%), Agro Phos(up 0.31%), Madras Fertlizers(up 0.17%) and Rama Phosphates(up 0.05%) were… Read More:
Stock Market Live: Sensex extends slide, down 600 pts; Nifty50 below 16,950 – Business Standard
Domestic markets edged lower in Monday’s intra-day trade, amid subdued global cues. READ MORE Domestic markets edged lower in Monday’s intra-day trade, amid subdued global… Read More:
10 Safe Stocks To Bet In Volatile Market – Rediff.com
10 high dividend paying stocks across sectors that are expected to maintain or even increase their pay-outs in FY23 thanks to faster earnings growth in… Read More:
European Stock Market Elliott Wave Trading Strategies – FXStreet
Share: Content DAX 40 – FTSE 100 – DXY – GBPUSD – EURUSD.Market Summary DAX 40 and FTSE 100 Corrective rally for the next few… Read More:
Stock Market Today: All You Need To Know Going Into Trade On March 20 – BQ Prime
Sensex, Nifty, Stock Market Today: All You Need To Know Going Into Trade On March 20<!– –><!– –><!– window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);}… Read More:
U.S. stock-market futures edge higher after historic deal to rescue Credit Suisse – MarketWatch
U.S. stock-index futures opened with modest gains Sunday evening as investors assessed a historic deal to rescue troubled Swiss lender Credit Suisse, the latest maneuver… Read More:
National Rifle Association Files for Bankruptcy – WSJ
The gun-rights group plans to move to Texas in the latest twist to its legal battle with New York’s attorney general. Source: National Rifle Association… Read More:
MAGAnificent! The Economic Truth or Terror is Known at Last – The Great Recession Blog
What does MAGAnificent America look like now that it’s here? Does America really feel greater after the last four years? Be honest now. Be really… Read More:
Big Banks, Small Banks Failing In US And Worldwide
The biggest bank in Europe is in the process of imploding, and there are persistent rumors that the final collapse could happen sooner rather than later. Banks in China are also failing. Last week, three US banks failed. Four US banks have failed this year. Read More:
Central Bankers Now Plotting Government Subversion? – The Great Recession Blog
Central Bankers Now Plotting Government Subversion?Two weeks ago a former Federal Reserve board member and bank president, William Dudley, wrote an editorial that encouraged the… Read More:
Is it the Fed or is it the Trump? Here’s the Truth. – The Great Recession Blog
Is it the Fed or is it the Trump? Here’s the Truth. In this round of Truth or Trump, Trump clearly wins. First, look at… Read More:
Fed Med is Dead: How We Went from Fake Recovery to Freefall – The Great Recession Blog
Until you got to this tax and spending deal a year ago, it was one of the most hated bull markets. The markets steadily climbed… Read More:
Big Stocks Rock NASDAQ as Two FAANGs Bite the Dust – The Great Recession Blog
Big Stocks Rock NASDAQ as Two FAANGs Bite the DustTwo of the original FAANG stocks that carried the US stock market higher throughout the Fed’s… Read More:
Housing Market Collapse 2.0 Accelerates Rapidly! – The Great Recession Blog
Just ten days ago, your Lone Ranger here laid out why one should see the barely beginning downturn of the housing market in Seattle as… Read More:
An exodus from Venezuela has prompted Latin America’s biggest migration crisis in decades – The Washington Post
The exodus is Latin America’s biggest migration crisis in decades. Source: An exodus from Venezuela has prompted Latin America’s biggest migration crisis in decades –… Read More:
Stock Market Volatility Attributed to Shenanigans
Technical expert Michael Ballanger explores the maneuvering he believes underlies current market fluctuations. Source: Stock Market Volatility Attributed to Shenanigans
US Stock Market in Position for Downwave #2
Technical analyst Clive Maund explains why he believes the stock market rally of the past couple of weeks is not a resumption of the bull… Read More:
Asian Stock Markets Gain After Wall Street Rally | Business News | US News
Asian stock markets have risen following Wall Street’s rally as investors look ahead to the U.S. Federal Reserve chairman’s congressional testimony for insights into its… Read More:
The U.S. Economy Is Suffering from Low Demand. Higher Wages Would Help
According to a yearlong exploration of the productivity puzzle. Source: The U.S. Economy Is Suffering from Low Demand. Higher Wages Would Help
UK economic growth revised downwards – BBC News
Economic growth was a worse than expected 0.4% in the last three months of 2017, official figures say. Source: UK economic growth revised downwards –… Read More:
Fed Officials Say Economy Is Ready for Higher Rates – The New York Times
The Fed has gained confidence the economy is strong enough to continue raising interest rates, according to the minutes of its most recent meeting. Read… Read More:
Premarket: Stocks dip; Germany’s diesel decision; British American Tobacco stock suffers – Feb. 22, 2018
Here’s what you need to know about the markets before you start your business day. 1. Negative sentiment takes hold: US stock futures are pointing down again,… Read More:
Epochal Stock Market Flash Crash Reconnects Stocks and Bonds, Portends End of Fake Recovery – The Great Recession Blog
It took sixteen months to build the exceptionally steep Trump Rally, and just one week to eliminate a quarter of it. While I wouldn’t call that… Read More:
Stocks shrug off pop in rates, Dow up more than 100 points
Stocks rose in choppy trade Wednesday as Wall Street tried to build on the strong gains set in the previous session. Source: Stocks shrug off… Read More:
Get Ready for Most Cryptocurrencies to Hit Zero, Goldman Says – Bloomberg
The tumble in cryptocurrencies that erased nearly $500 billion of market value over the past month could get a lot worse, according to Goldman Sachs… Read More:
Dow plunges 1,175 — worst point decline in history
Asian shares fell sharply on Tuesday after Wall Street suffered its biggest decline since 2011 as investors’ faith in markets began to crumble. Japan’s Nikkei… Read More:
Government set to borrow nearly $1 trillion this year, an 84 percent jump from last year
It was another crazy news week, so it’s understandable if you missed a small but important announcement from the Treasury Department: The federal government is… Read More:
Former Fed Chair Alan Greenspan Sees Bubbles in Stocks and Bonds – Bloomberg
The man who made the term “irrational exuberance” famous says investors are at it again. Source: Former Fed Chair Alan Greenspan Sees Bubbles in Stocks… Read More:
U.S. Oil Production Tops 10 Million Barrels A Day for First Time Since 1970 – WSJ
U.S. oil production surpassed 10 million barrels a day in November for the first time in nearly 50 years, a milestone that underscores the growing… Read More:
Cryptocurrencies crash after India vows to eliminate their use — RT Business News
Cryptocurrencies crash after India vows to eliminate their use Source: Cryptocurrencies crash after India vows to eliminate their use — RT Business News
Investors dump US dollar & rush to gold — RT Business News
The gold price rose to its highest level in more than a year on Thursday as investors seek a safe haven after the US dollar… Read More:
One person was already able to ‘shoplift’ from Amazon Go
On Monday, Amazon Go, the company’s new cashier-less mini-market opened in downtown Seattle, showing the world what retail shopping in the future could look like.… Read More:
Sugar sticker shock in Seattle: New tax on sweetened beverages more than DOUBLES the price on some items – NaturalNews.com
Sugar sticker shock in Seattle: New tax on sweetened beverages more than DOUBLES the price on some itemsMonday, January 15, 2018 by: Isabelle Z. Tags:… Read More:
U.S. oil industry set to break record, upend global trade
U.S. and Global Economy U.S. oil industry set to break record, upend global trade Liz Hampton8 MIN (Reuters) – Surging shale production is poised to… Read More:
Dow Industrials Top 26000 for First Time as Earnings Season Ramps Up – WSJ
Dow Industrials Top 26000 for First Time as Earnings Season Ramps UpDollar rebounds from a three-year low, while bitcoin’s selloff accelerates The Dow Jones Industrial… Read More:
What is Behind the Diplomatic Rush of Gulf countries ?
Saudi Arabia, Bahrain, the United Arab Emirates (UAE), Egypt, Yemen, Libya, the Maldives and Mauritania announced on Monday an extraordinary step of cutting off diplomatic… Read More:
Qatari policy on refugees and security in the Middle East
According to Gulf Times, The Emir of Qatar, Sheikh Tamim bin Hamad al-Thani, called for a political settlement of the conflict in Syria, where millions… Read More:
U.S. Conceal the Economic Causes of the Airstrike
According to the Video clips Editor at the Financial Times, Jamie Han, tensions around Syria are rising with every passing day. The second U.S.-led attack… Read More:
US-led Coalition Airstrike On Assad’s Forces Was Not Accidental
On May 18, the moving convoy of the Syrian pro-government forces consisted of militias was hit by a massive airstrike of the U.S.-led international coalition.… Read More:
INVESTIGATION: Route of Bulgarian Weapon Deliveries to Syrian Islamists Exposed
Inside Syria Media Center has conducted an investigation to expose a U.S.-backed of weapon supplies to the al-Qaeda group in Syria. The suppliers list starts… Read More: